Technology

Deepgram, a company developing voice-recognition tech for the enterprise, today raised $47 million in new funding led by Madrona Venture Group with participation from Citi Ventures and Alkeon. An extension of Deepgram’s Series B that kicked off in February 2021, led by Tiger Global, it brings the startup’s total raised to $86 million, which CEO […]

Deepgram lands new cash to grow its enterprise voice-recognition business by Kyle Wiggers originally published on TechCrunch

Lyst, the UK fashion e-commerce site that last year raised funding at a $700 million valuation, is the latest tech startup to rein in spending by cutting staff. TechCrunch has learned that the company is in the process of laying off 25% of its employees, working out to about 50 people, as part of a […]

Lyst, the UK fashion marketplace, is laying off 25% of staff by Ingrid Lunden originally published on TechCrunch

The UK government has completed a major revision to controversial but populist online safety legislation that’s been in the works for years — and was finally introduced to parliament earlier this year — but has been paused since this summer following turmoil in the governing Conservative Party. In September, new secretary of state for digital, Michelle Donelan, […]

UK confirms removal of Online Safety Bill’s ‘legal but harmful’ clause by Natasha Lomas originally published on TechCrunch

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. While the US and the EU may differ on how to regulate tech, their lawmakers seem to agree on one thing: the West needs to ban AI-powered social scoring. As they understand it, social…

India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the digital currency in the South Asian market with a closed group of customers and merchants a month after it began evaluating the CBDC for the wholesale […]

India to pilot retail digital currency on December 1 by Manish Singh originally published on TechCrunch

CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech as it broadens its infrastructure and offerings. The firms did not disclose the terms of the deal. The 10-year-old CreditVidya — headquartered in Hyderabad and backed by Navroz Udwadia, Kalaari […]

CRED acquires CreditVidya by Manish Singh originally published on TechCrunch

As VR technology continues to evolve, more companies are integrating technology into their onboarding and training process.

Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of this $50 billion industry — these systems can be rather expensive and do not adequately cater to their needs; thus, they stick with running operations […]

Orda raises millions to digitize African restaurants with its cloud-based operating system by Tage Kene-Okafor originally published on TechCrunch